BeOne Medicines Ltd. (ONC)

ONC trades at $343.87, 10.9% above the near-term max pain of $310 expiring Oct 17, 2025 (11 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($280-$370), signaling increased put positioning or downside protection. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for ONC shows a downward trend from 370 to 280, indicating bearish sentiment or hedging activity. The 29% spread signals divergent expectations across timeframes. Most levels below 343.87 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.